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User Manual
October 2011
Global Operations Education
Overview of Asset Management
The Asset Management system permits firms to enter pledge and withdrawal instructions for
collateral and review the status of those transactions on-line. It eliminates use of paper-
based transactions for collateral substitutions.
Firms can submit Treasury Securities, Letters of Credit, Stock, IEF, foreign currency, US
dollars and other approved collateral to:
Replace the USD cash debited directly from their performance bond accounts and/or
existing letters of credit/Treasury securities/approved collateral on deposit.
Anticipate a performance bond call for core performance bond requirements to be
credited to the appropriate Clearing Organization account.
5.1. How to view Assets on Deposit for Performance Bond and Security Requirements ............ 43
Upon successful login, you will be redirected to the CME Applications menu.
Asset Management
Transactions allow you to enter data notifying the CME Clearing of your intent to
pledge, amend or withdraw assets (collateral). On the Daily Transaction List screen,
you can review and verify the status of all transactions entered on that business day.
Withdrawal Instructions allows you to enter default withdrawal bank account
numbers and special instructions.
Asset Inquiry
Assets on Deposit lists individual asset groups for each individual asset type on
deposit.
Asset Summary displays the sub-totaled values for each asset group.
Currency Summary displays the sub-totaled values for each currency type, both
foreign and domestic.
Banking
Banking Requirements displays the net pay or collect value for performance bond
for a particular performance bond cycle.
Banking Instruction List displays account and bank location information for
withdrawal instructions.
Rate
Interest Rate Maintenance IEF (Interest Earning Facility) refers to the systems
and procedures CME Group has developed to support the acceptance of money
market mutual fund shares at CME Group. Firms can add, withdraw, or transfer IEF
funds.
IEF Interest Election Maintenance is used by CME Clearing.
Exchange Functions
Clr Org Confirm/Reject is used by CME Clearing to indicate whether the transaction
has been confirmed or rejected.
Windows
Action: NEW
Firm: 999
Security Type (Asset
Type): TBILL
Transaction: DEPOSIT
The Transaction screen will reappear with the selected bank displayed.
The Asset type selected in step 3.1 Steps for Pledging Collateral drives the
Transaction section.
Common Terms:
CUSIP
Sub menu: New, Find, Cancel, Update,
Delete and Exit
Options
Sub menu: Deselect, CUSIP Price
History, CUSIP/ISIN and LOC Haircut List
Window
Sub menu: Close Domestic Securities
List window
After selecting the CUSIP you will be redirected to the Transaction screen.
5. Click the Allocate button. The Allocate button will enable after you enter a Par
Amount.
Pending Transaction allows for checks and balances within your firm. Any
transaction with a Pending Transaction checked, will not be visible to CME
Clearing until someone from your firm verify the pending transaction and
update the firm status to verify.
Note: The same person that entered the transaction cannot verify the
transaction.
If User A selects Pending Transaction someone other than User A at the
firm has to verify the transaction and clear the check box.
After clicking Allocate All, the Net Par and Allocated Par Amounts are updated to reflect the
allocated amount for the asset.
8. Click OK. You will return to the Securities Transaction Maintenance screen.
10. To exit the Transaction Maintenance screen, move the mouse over Transactions and
click Exit.
Pending Transaction allows for checks and balances within your firm. Any transaction
with a Pending Transaction checked, will not be visible to CME Clearing until someone
from your firm verify the pending transaction and update the firm status to verify.
Note: The same person that entered the transaction cannot verify the transaction.
To verify a government security that has a check in Pending Transaction check box,
complete the following steps:
1. On the Daily Transaction List screen, complete a search for the security.
2. Fill in the Account Selection information.
3. Enter the Asset Type. (Optional)
4. Enter the Creation Date. (Optional)
5. Find the security to verify, click the check box.
6. Next, move the mouse over Transactions.
7. Select, Firm Status and click Verify.
To pledge IEF funds an agreement must be entered with CME Group. The steps for
pledging the IEF products are similar to the steps for pledging treasury securities; asset
type will change to IEF#. The entry screen will change slightly to reflect an IEF entry.
Note: Before pledging IEF2 or IEF5, the firm must have a PB cash on deposit with CME.
If firm does not have CASH already on deposit with CME, a deposit of CASH must be
made prior to an IEF2 or IEF5 deposit.
Common Terms:
Account Section
2. Click Allocate.
5. Click OK.
After clicking OK, the system will return to the IEF Transaction Maintenance screen.
Account Section
Note: For more details reference 3.1 Steps for Pledging Collateral and
3.1.1. Account Section - Transaction Maintenance.
Transaction Section
Note: Pass Through is a letter of credit that can be given to a firm by its customer. The firm
can keep the LOC and put it on their books, or it can pass it on to the CME, which will then
give the firm margin credit. If Pass Through is checked an Applicants Name is required.
8. Click Allocate.
10. Click Allocate All. The transaction amount will allocate to CME.
8. The Par Amount, Effective, Expiration and Issue Dates are amendable however; you
are required to complete an allocation after the updates.
Note: The issue date for a LOC must be less than or equal to todays date.
9. Click Save when finish. Reapply the find process to see the updated information.
Account Section
1. On the main menu move the mouse over Asset Management.
2. Click Transactions. The Asset Management Transaction screen will display.
3. Move the mouse over Transactions.
4. Click New.
5. Select the desired Asset Type.
6. Select the Currency to pledge.
7. Click OK.
8. Select a Transaction Type.
9. Click OK.
10. Select the Asset Account.
11. The Account Type will default to PB (Performance Bond).
For security deposit, select SECR.
12. Select Origin.
13. Select Business Function.
14. The Currency field will default to USD.
If this pledge was a Canadian Bond, the currency is CAD.
15. Click Bank. The Bank Selection screen will display.
16. Click the check box of a bank that will perform the transfer.
17. Click Select.
Note: For more details reference 3.1 Steps for Pledging Collateral and
3.1.1. Account Section - Transaction Maintenance.
Account Section
1. On the main menu, move the mouse over Asset Management.
2. Click Transactions. The Asset Management Transaction screen will display.
3. Move the mouse over Transactions.
4. Click New.
5. Select the desired Asset Type.
6. Select a Currency to pledge (USD, EUR).
7. Click OK.
8. Select a Transaction Type.
9. Click OK.
10. Select the Asset Account.
11. The Account Type will default to PB (Performance Bond).
For security deposit, select SECR.
12. Select the Origin.
13. Select Business Function.
14. The Currency field will default to USD.
If this pledge was a Canadian Bond, the currency is CAD.
15. Click Bank. The Bank Selection screen will display.
16. Click the check box to select a bank that will perform the transfer.
17. Click Select.
Note: For more details reference 3.1 Steps for Pledging Collateral and
3.1.1. Account Section - Transaction Maintenance.
To withdraw assets for performance bond or security deposits, complete the following
steps:
1. Move the mouse over Asset Management.
2. Click Transactions. The Daily Transaction List screen will display.
3. Move the mouse over Transaction.
4. Click New.
5. Select the appropriate Asset Type.
6. Select Currency.
7. Click OK.
8. The Transaction Type Selection screen will display, select WITHDRAWAL.
Note: (If this is an IEF-3 funds, select TFR-Withdrawal).
9. Click OK. The Government Securities List screen will display.
14. Click Allocate. The Par Amount will default with the entire security amount, or
amend the amount if needed.
If you are making a partial withdrawal of the security, enter the Par Amount to
withdraw (in increments of $5,000.00), then click the Allocate button.
Note: If the par value for withdrawal is not correct, click the Cancel button. On the
Securities Transaction Maintenance screen, re-enter the correct par value.
The Net Par and Allocated Par Amounts will display with a negative value to reflect
the total withdrawal amount.
18. Click Save. The Daily Transaction list screen will display.
Common Terms:
1. On the Asset Management Main Menu move the mouse over Asset Management.
2. Click Withdrawal Instructions. The Withdrawal Instruction List screen will display.
3. In Account Selection complete the fields as necessary.
4. Click Find. The current withdrawal instructions will display.
5. Click the check box associated to the withdrawal account to update.
6. Click Update located under File. The Withdrawal Instruction Maintenance screen
will display.
Note: If the status is not changed, the following message will display
The entered Future Status is the same as the current status.
9. Click Save. The Withdrawal Instruction List screen will display. The withdrawal
instructions listed will reflect your changes.
1. On the Asset Management Main screen move the mouse over Asset Management.
2. Click Withdrawal Instruction. The Withdrawal Instruction List screen will display.
Note: Before adding a new withdrawal instruction, check to see if a withdrawal
instruction is in place for that particular Asset Type.
a. Fill in the Account Selection.
b. Click Find, after entering the search information in the Account Selection.
Review the current listing before adding a new instruction.
12. Click Activate. The Activate/Inactivate Data screen will display. This screen
indicates the effective date of the instruction.
13. Click OK to activate the instructions. The Future Activation Status code will be an A
(active). The screen will return to the Withdrawal Instruction Maintenance screen.
1. On the Asset Management Main screen move the mouse over Asset Management.
2. Click Withdrawal Instruction. The Withdrawal Instruction List screen will display.
3. Enter the Account Selection information
4. Click Find. This will display the withdrawal instructions list.
5. Click the check box associated to the withdrawal account.
6. Click Delete located under File.
5.1. How to view Assets on Deposit for Performance Bond and Security Deposit
Requirements
1. On the Asset Management Main Menu move the mouse over Asset Inquiry.
2. Click Assets on Deposit. The Asset Type Selection screen will display.
Detail View
Asset Summary
Securities List
1. To see a listing of each asset type, click the check box.
2. Click Assets on Deposit.
3. Click Cancel, to exit.
Securities List
To see a summary of each asset type:
1. Click the check box.
2. Click Assets Summary.
1. On the Asset Management Main Menu move the mouse over Settlement
Requirements.
2. Click Currency Requirements.
1. On the Asset Management Main Menu move the mouse over Banking.
2. Click Banking Requirements.
6. Click Find.
7. Click OK to return to the Banking Requirements list.
Common Terms:
1. On the Asset Management Main Menu move the mouse over Rate.
2. Click Interest Rate Maintenance.
3. To search for a rate by Bank, enter the appropriate data in the Interest Rate
Maintenance section.
4. Enter the Asset Currency to enable the Bank button.
5. Click Find.
6. The Rate Inquiry section will display the selected bank rate information.
The Accrual Method designates the accrual method used to calculate interest on deposits for
the fund when a split month-end scenario occurs.
Note: A split month scenario is one where; the last calendar date for the month may be a Friday or
Saturday. The INCL and EXCL methods apply on the first calendar day of the new month.
REG (Regular) - Accrual is based on the asset balance that exist on the last
business date (LBD) for all days applicable to the rate. If the business date is the
LBD, the interest for weekend days for the new month is paid.
EXCL (Exclude) - Accrual beginning with the first day of the new month based
on the asset balance as of last business date excluding IEF Interest amount paid
out for the current month.
INCL (Include) - Accrual beginning with the first day of the new month based on
the asset balance as of last business date including IEF Interest amount paid out
for the current month.
Code Term
Asset Type Security Type
Bank Acct Nbr Bank Account Number
CBCBT CME and Board of Trade Clearing Corp
CLR Clearing
Core OMARG Core Margin Requirements
Curn Currency type
CUST Customer
Dft Default account indicator - - Y = Yes or N = No
Eff Stat Effective Status - - A = Active or I = Inactive
FMT Fund Movement Type
ITD Inter-Day Training Hours
MBR Member
MOSSX Mutual Offset with SIMEX
OPP Option Premium Pass-Through
PB Performance Bond
Resrv OMARG Reserve Margin Requirements
SECR Security Deposit
SV Settlement Variation
SVOP Settlement Variation Option Premium
To Bank Bank to which the assets will be forwarded
Tx Amt Transfer Amount
WDL Instr Code Five character abbreviated codes to reflect the withdrawal type.
XMOCC Cross-Margining with OCC
Settlement Platform
Clearing
Organization (CO) The system used for
securities.
CME or CCEs E.g. Euroclear, Crest,
platform information Fedwire or DTC
Custodian Bank
CME or CCE
Account Type
G-Global or L-Local
2. What is CUSIP?
CUSIP stands for Committee on Uniform Securities Identification Procedures. The USIP number
consists of a combination of nine characters, both letters and numbers, which uniquely identify the
company or issuer and the type of security. The first six characters identify the issuer and are
assigned in an alphabetical fashion. The seventh and eight characters (which can be alphabetical or
numerical) identify the type of issue. The last digit is a check digit.
4. If I entered the Gold par amount as the number of ounces how is it calculated into the current
value amount?
The London p.m. Gold Fixed Price (GLDLDNPRM) from Bloomberg is fed into C21 on a nightly basis
so that a USD equivalent value for the gold that your firm has on deposit can be calculated. This
value will be located on your CAI500 report as PB USD Equivalent.
12. Can the Future Activation Status be coded with an active status code?
Not if the Effective Activation Status code is already in an active state.
13. If an asset is inactive but is still listed can funds be deposited into it?
No, you cannot deposit, confirm or finalize any inactive asset. Assets must be in an active state.
What Internet Explorer (IE) version are you on? CME Group strongly recommends using
version 6.0 or higher to achieve improved performance.
To find out what IE version you are on follow the follow steps:
9 Locate Version
20 South Wacker Drive
Chicago, Illinois 60606-7499
Tel: 1 312 930 1000
Fax: 1 312 466 4410
E-mail: info@cmegroup.com
Futures trading is not suitable for all investors, and involves the risk of loss. Futures are a leveraged
investment, and because only a percentage of a contracts value is required to trade, it is possible to
lose more than the amount of money deposited for a futures position. Therefore, traders should only
use funds that they can afford to lose without affecting their lifestyles. And only a portion of those
funds should be devoted to any one trade because they cannot expect to profit on every trade.
The Globe Logo, CME, Chicago Mercantile Exchange, and Globex are trademarks of Chicago
Mercantile Exchange Inc. CBOT and the Chicago Board of Trade are trademarks of the Board of
Trade of the City of Chicago. NYMEX, New York Mercantile Exchange, and ClearPort are trademarks
of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. CME
Group is a trademark of CME Group Inc. All other trademarks are the property of their respective
owners.
The information within this presentation has been compiled by CME Group for general purposes only.
CME Group assumes no responsibility for any errors or omissions. Although every attempt has been
made to ensure the accuracy of the information within this presentation, CME Group assumes no
responsibility for any errors or omissions. Additionally, all examples in this presentation are
hypothetical situations, used for explanation purposes only, and should not be considered investment
advice or the results of actual market experience.
All matters pertaining to rules and specifications herein are made subject to and are superseded by
official CME, CBOT, NYMEX and CME Group rules. Current rules should be consulted in all cases
concerning contract specifications.